2024-05-14T10:14:23-05:00 2023-06-30 450250958 EIDE BAILLY LLP 10681 FOOTHILL BLVD STE 300 RANCHO CUCAMONGA CA 917303831 990 2022-07-01 956151938 MIRACOSTA COLLEGE FOUNDATION MIRA 7607956832 ONE BARNARD DR OCEANSIDE CA 920563899 SHANNON STUBBLEFIELD VICE PRESIDENT 7607956832 2024-05-10 1 SHANNON STUBBLEFIELD 999009999 0 CATHERINE L GRAY CPA P01294460 9094664410 2024-05-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SHANNON STUBBLEFIELD ONE BARNARD DR OCEANSIDE CA 920563899 3126981 0 X HTTP://FOUNDATION.MIRACOSTA.EDU X 1967 CA PROVIDE FINANCIAL SUPPORT FOR STUDENTS AND PROGRAMS, ACHIEVING EDUCATIONAL OPPORTUNITIES FOR ALL.THE FOUNDATION PARTNERS WITH GENEROUS COMMUNITY MEMBERS TO SUPPORT STUDENT SUCCESS AND INNOVATIVE PROGRAMS. WITH PHILANTHROPIC SUPPORT, STUDENTS HAVE THE RESOURCES TO EARN A DEGREE OR CERTIFICATE, COMPLETE THE FIRST TWO YEARS OF COLLEGE AND TRANSFER TO A FOUR-YEAR UNIVERSITY, AND TAKE CLASSES NEEDED TO ADVANCE THEIR CAREERS OR ACHIEVE LIFELONG LEARNING. 16 16 0 20 0 0 1510279 1175934 0 0 42473 446649 -37692 0 1515060 1622583 613914 906392 0 0 118283 156005 0 0 0 915855 857233 1648052 1919630 -132992 -297047 20259618 21321169 160194 77530 20099424 21243639 X THE FOUNDATION'S MISSION IS TO PROMOTE THE BENEFITS OF THE COLLEGE AND TO SECURE RESOURCES THAT TRANSFORM LIVES. THROUGH FINANCIAL CONTRIBUTIONS TO STUDENTS AND GROUNDBREAKING CAMPUS PROGRAMS, EVERYONE CAN SUCCEED GENUINELY TRANSFORMING LIVES. AS AN INDEPENDENT ORGANIZATION IN PARTNERSHIP WITH MIRACOSTA COLLEGE, THE FOUNDATION PROVIDES DIRECT FINANCIAL SUPPORT FOR STUDENTS AND CAMPUS PROGRAMS. 0 0 755204 755204 THE FOUNDATION PROVIDES STUDENT SCHOLARSHIPS TO SUPPORT TUITION, EDUCATIONAL MATERIALS, LIVING EXPENSES, AND PAID INTERNSHIPS. NEARLY HALF OF OUR STUDENTS REQUIRE MORE THAN TRADITIONAL FINANCIAL AID CAN OFFER. IN A CLIMATE OF RISING LIVING COSTS AND A PRESSING NEED FOR SKILLED WORKERS, OUR SCHOLARSHIPS ARE NOT JUST HELPFUL THEY'RE ESSENTIAL. THE FOUNDATION IS A CATALYST FOR OPPORTUNITY AND SUCCESS. THIS HOLISTIC APPROACH ENABLES STUDENTS TO FOCUS SOLELY ON THEIR ACADEMIC GROWTH, SETTING THEM UP FOR SUCCESS IN SCHOOL AND BEYOND. 896679 151188 THE FOUNDATION OFFERS EMERGENCY GRANTS AND BASIC NEEDS SUPPORT THAT HAVE A PROVEN, IMMEDIATE IMPACT ON STUDENT SUCCESS. OUR DATA ON PERSISTENCE FROM SPRING 2020 TO SPRING 2022 IS UNEQUIVOCAL: STUDENTS WHO RECEIVE THESE FUNDS ARE FAR MORE LIKELY TO CONTINUE THEIR STUDIES AND EARN THEIR DEGREE OR CERTIFICATE; DIRECT STUDENT SUPPORT IS ONE OF THE MOST EFFECTIVE WAYS TO MAKE AN IMPACT THROUGH PHILANTHROPY. THIS ISN'T JUST SHORT-TERM RELIEF; IT'S A LONG-LASTING INVESTMENT IN ACADEMIC PERSISTENCE AND FUTURE OPPORTUNITIES. 1651883 1 1 0 1 0 0 0 0 0 1 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 19 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 CA X X SHANNON STUBBLEFIELD 7607956777 ONE BARNARD DRIVE OCEANSIDE CA 92056 DAVID MCGUIGAN PRESIDENT 2.00 X X 0 0 0 BRUCE BANDEMER TREASURER 1.00 X X 0 0 0 HAP L'HEUREUX MEMBER 0.10 X 0 0 0 JANICE KURTH VICE PRESIDENT 1.00 X X 0 0 0 BARRY JOHNSON MEMBER 0.10 X 0 0 0 MATT ADAMS MEMBER 0.10 X 0 0 0 JULIE AMES MEMBER 0.10 X 0 0 0 KIMBERLY TROUTMAN MEMBER 0.10 X 0 0 0 JIMMY FIGUEROA MEMBER 0.10 X 0 0 0 SUDERSHAN SHAUNAK MEMBER 0.10 X 0 0 0 DENISE STILLINGER MEMBER 0.10 X 0 0 0 TIM SNODGRASS MEMBER 0.10 X 0 0 0 SHARON WIBACK MEMBER 0.10 X 0 0 0 VAL SAADAT MEMBER 0.10 X 0 0 0 KAREN PEARSON MEMBER 0.10 X 0 0 0 MELISSA GRAJEK MEMBER (JULY - MARCH) 0.10 X 0 0 0 EVA BUDNIK MEMBER 0.10 X 0 0 0 SHANNON STUBBLEFIELD VICE PRESIDENT 2.00 X 0 211826 33943 TORI FISHINGER DIRECTOR 2.00 X 0 115823 23591 0 327649 57534 0 0 1 0 0 20000 1155934 68858 1175934 62659 62659 1888388 1504398 383990 383990 383990 1622583 0 0 446649 X 151188 151188 755204 755204 156005 36176 119829 20800 20800 39585 39585 390380 354255 36125 53182 18821 34361 201026 189672 11354 13798 13798 SUPPLIES 121562 118469 3093 DUES & MEMBERSHIP 16900 14300 2600 1919630 1651883 267747 0 1898764 1168591 645671 346538 58105 17736 426799 426799 10145 44 16428542 18535628 791592 825833 20259618 21321169 160194 77530 160194 77530 X 2735337 2715597 17364087 18528042 20099424 21243639 20259618 21321169 X -297047 1326678 114584 X 0 1 X 1 0 X 5955374 2444679 1719310 1510279 1107076 12736718 5955374 2444679 1719310 1510279 1107076 12736718 12736718 12274 4295 1304 42473 446649 506995 13243713 16454 0.96170 0.98880 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1583025 1583025 229151 57288 0 0 228171 177700 229151 635022 952533 57043 44425 57288 158756 238134 12537023 21335 1455691 617313 13396736 16563496 111898 -2647103 693762 797506 12537023 13449963 61011 3755317 702795 16563496 12939784 664621 400712 555154 13449963 7668748 5062420 571049 362433 12939784 1.00000 1 0 0 BENEFICIAL INTEREST IN OTHER ENDOWMENT 682313 F SCHOLARSHIP ENDOWMENTS 4131107 F GENERAL ENDOWMENTS 6547962 F OTHER INVESTMENTS 6415298 F DEFERRED GIFTS INVESTMENT 758948 F 18535628 X 3585842 1326678 561582 114584 2002844 1582998 39585 39585 1622583 2441627 561582 561582 1880045 39585 39585 1919630 PART V, LINE 4: FUNDS ARE USED FOR SCHOLARSHIPS AND THE ENHANCEMENT OF ACADEMIC PROGRAMS AND FACILITIES PART X, LINE 2: THE FOUNDATION HAS ADOPTED FASB ASC TOPIC 740 THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN AND PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY IF, BASED ON ITS MERITS, THE POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT BY THE TAXING AUTHORITIES. MANAGEMENT BELIEVES THAT ALL TAX POSITIONS TAKEN TO DATE ARE HIGHLY CERTAIN, AND, ACCORDINGLY, NO ACCOUNTING ADJUSTMENT HAS BEEN MADE TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CASH IN VALUE SURRENDER VALUE OF LIFE INSURANCE 437. CHANGE IN VALUE OF DEFERRED GIFTS 34,411. CHANGE IN VALUE OF BENEFICIAL INTEREST IN ASSETS HELD BY FOUND. OF CCC 79,736. 1 MIRACOSTA COMMUNITY COLLEGE DISTRICT 1 BARNARD DR OCEANSIDE CA 92056 956006662 115 151188 0 FMV MACHINERY AND SUPPLIES SUPPORT MIRACOSTA COLLEGE PROGRAMS & DIRECT STUDENT GRANTS EDUCATIONAL SCHOLARSHIPS 847 755204 FAIR MARKET VALUE PART I, LINE 2: THE MIRACOSTA COLLEGE FOUNDATION OFFICE SOLICITS AND MONITORS SCHOLARSHIP GIFTS IN COORDINATION AND COLLABORATION WITH THE COLLEGE SCHOLARSHIP OFFICE, PROMOTING SCHOLARSHIP FUNDING AND DETERMINING SCHOLARSHIP ELIGIBILITY. X X 0 0 0 0 0 0 0 0 0 SHANNON STUBBLEFIELD VICE PRESIDENT 0 211826 0 0 0 0 0 0 0 33943 0 245769 0 0 X 722 FAIR MARKET VALUE X 33 50546 FAIR MARKET VALUE X 4 15680 ACTUAL COST X EDUCATION EQUIPMENT AND SUPPLIES 3 1910 ACTUAL COSTS 0 1 0 PART I, COLUMN (B): THE NUMBER REPRESENTS THE NUMBER OF DONORS. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE A COMMITTEE WITH AUTHORITY TO ACT ON ITS BEHALF. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS GIVEN TO THE GOVERNING BOARD AND EACH BOARD MEMBER FOR REVIEW AND APPROVAL FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE ASKED TO SIGN THE CONFLICT OF INTEREST STATEMENT ANNUALLY. THE EXECUTIVE DIRECTOR MONITORS ISSUES THAT COME BEFORE THE BOARD AND IF A CONFLICT OF INTEREST ARISES AND IT IS APPARENT TO THE EXECUTIVE DIRECTOR, THE EXECUTIVE DIRECTOR OR CHAIR OF THE BOARD ASKS THE BOARD MEMBER TO EXCUSE HIMSELF OR HERSELF FROM ALL DISCUSSIONS AND VOTING ON THE ISSUE. IN ADDITION, BOARD MEMBERS ARE EXPECTED TO SELF-POLICE AND LET THE BOARD KNOW IF A CONFLICT OF INTEREST HAS ARISEN AND TAKE APPROPRIATE ACTION. FORM 990, PART VI, SECTION B, LINE 15A THE SALARY OF THE EXECUTIVE DIRECTOR IS SET BY THE MIRACOSTA COMMUNITY COLLEGE DISTRICT AND IS A PART OF THE DISTRICT SALARY SCHEDULE AND APPROVED BY THE MIRACOSTA COLLEGE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 18 ALL TAX RETURNS ARE MADE AVAILABLE ONLINE AT THE FOUNDATION'S WEBSITE AND UPON REQUEST AND THEIR FACILITIES FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE MADE AVAILABLE ONLINE AT THE FOUNDATION'S WEBSITE AND UPON REQUEST AT THEIR FACILITIES FORM 990, PART IX, LINE 11G CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 292,938. MANAGEMENT AND GENERAL EXPENSES 10,618. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 303,556. OTHER SERVICES: PROGRAM SERVICE EXPENSES 61,317. MANAGEMENT AND GENERAL EXPENSES 25,507. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 86,824. FORM 990, PART XI, LINE 9: CHANGE IN VALUES 114,584. MIRACOSTA COMMUNITY COLLEGE DISTRICT ONE BARNARD DRIVE OCEANSIDE CA 92056 956006662 EDUCATION CA 115 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0